Nationwide Real Estate News: June 14, 2013
Nationwide Real Estate News: June 14, 2013
Here’s the latest real estate news for the Philadelphia Real Estate community and across the country. Feel free to pass the news along to your friends, colleagues, and clients. Happy Friday!
Will More Sellers Be Testing The Market Soon? – The number of homes listed for sale in April increased by about 8% from the same month last year, a sign that rising prices may be inducing more Americans to put their homes up for sale, according to a report from real-estate brokerage ZipRealty, which measured listings in 24 major metro areas. http://blogs.wsj.com/developments/2013/06/10/why-more-sellers-could-test-the-market/
Selling A Home? 9 Things You Learn When You Put Your House On The Market – We put our house on the market recently. This was our first home, which we’ve lived in for more than a decade, so we expected to invest a lot of time cleaning, organizing and making some minor repairs that we’d been putting off. Here’s what we didn’t see coming. http://realestate.msn.com/9-things-you-learn-when-you-sell-your-home?ocid=vt_fbmsnre
These California Housing Flip Rates Are Ultra Bubblicious! Here’s an incredible stat from DataQuick: the rate of flipping activity in California hit an all-time high in February and remains well above pre-recession levels. http://www.businessinsider.com/california-house-flipping-hits-record-2013-6
Almost 1 Million Houses Float Back Into Positive Equity – Approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, according to the CoreLogic first quarter home equity report. http://www.housingwire.com/news/2013/06/11/corelogic-nearly-1-million-houses-float-back-positive-equity
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Frank L. DeFazio
Prudential Fox & Roach — Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
Cell: 610-636-4364
Licensed in Pennsylvania
